Background Information

Total Costs

Indemnities

Administrative and Operating Expense Reimbursements

Premium Subsidy

Farmer Premiums

Premium Subsidies Calculated by the Crop Insurance Program in Charlotte County, Florida

Premium Subsidies

YearPremium SubsidiesPolicies
1995$99,74211
1996$385,53527
1997$187,74363
1998$199,29780
1999$137,20086
2000$514,802179
2001$619,439169
2002$822,696184
2003$748,308179
2004$733,038173
2005$883,163192
2006$428,168206
2007$914,369168
2008$703,404155
2009$882,242157
2010$706,191138
2011$892,363147
2012$936,785135
2013$403,55326
2014$1,134,261121
2015$1,075,286125
2016$1,053,508144
2017$1,849,937144
2018$2,093,770151
1995-2018$18,404,8003,160

METHODOLOGY: EWG obtained county level crop insurance information from USDA Risk Management Agency which shows premium subsidies, indemnities and farmer premiums at the county/crop level by crop year. Administrative and Operating Expense Reimbursements to crop insurance companies (A+O), Other program fund costs, Other administrative and operating fund costs expenses, and Government earned interest were allocated to the crop/county level by using the national expenditures/revenue of the Crop Insurance program (available here for 2008-2017 and from RMA previous to 2008) in each category and attributing them the crop/county level by total premiums. EWG was unable to attribute underwriting gains to the county/crop level. Underwriting gains (or losses) are paid to insurance companies when the insurance companies collect more in total subsidies than are paid out in indemnities. Since underwriting gains are paid by company on the basis of all of their policies, EWG was unable to allocate underwriting gains by crop or by region. The total underwriting gains for 1995-2018 is $14.6 billion.

 

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